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In a dramatic turnaround, the largest single shareholder of South Korean crypto exchange Bithumb has pulled out of a lawsuit that could have threatened the very existence of the domestic market-leading platform. Vidente, which in November last year sealed a deal to purchase a 34.24% stake in Bithumb from holding...
It would certainly be strange to draw all money from a bank like people are taking their crypto off the exchanges today. And it would be unthinkable for the banks to support their customers taking their money out en masse. Yet, that's what we see in the Cryptoworld. What’s...
Fiats will go digital in 2020, with 50% of the biggest global banks in the world set to work with digital assets, says Brad Garlinghouse, the CEO of Ripple. Garlinghouse has predicted that half of the world’s top 20 biggest banks will be actively holding and trading digital assets next...
One of the hottest topics in cryptocurrencies is the prospect of major economies launching state-backed digital coins. China’s central bank recently accelerated plans for what is currently known as the Digital Currency Electronic Payment (DCEP). It could launch within the next 18 months, while the European Central Bank is...
This past week, bitcoin price started recovering above the USD 7,350 and USD 7,400 resistance levels. BTC/USD even spiked above USD 7,650, but it struggled to continue higher. However, the price failed to retain strength above USD 7,600. It is currently (09:00 UTC) consolidating above USD 7,400 and it...
The second largest producer of Bitcoin mining equipment, China-based Canaan, ended its first week on the Nasdaq exchange in red, while its main rival, another Chinese giant that is reportedly working on its own initial public offering (IPO), Bitmain, confirmed its plans to introduce two new types of mining...
Beijing seems to have once again declared its preference for blockchain technology and disdain for virtual currencies. Dovey Wan, a founding partner of California-based investment company Primitive Ventures, shared a short video today, a part of a high profile TV program “Focus Report,” which runs on the China Central Television...
The British government has updated its cryptocurrency tax rules, adding stipulations for businesses that work with crypto. Also, they stressed that they do not consider Bitcoin and other digital tokens to be money. The UK’s tax agency, the HMRC (HM Revenue and Customs) had already released a series of guidelines...
Last week for XRP wasn't one of its best, but this week seems to be bringing plenty of good news. However, it still trades sideways today, despite the most recent announcements, be it XRP community-related, a new platform and tools, or open source projects, as well as a proposal...
Japan could shun cryptocurrency investment trust offerings – while some of the country’s top financial companies have established a securities token association. The regulatory Financial Services Agency – the body that polices the country’s exchanges and cryptocurrency businesses – has provisionally updated its guidelines on financial instruments. The agency stated,...